Latest news with #Renaulution
Scottish Sun
15 hours ago
- Automotive
- Scottish Sun
Boss of major car brand suddenly quits ‘for very different industry' after turning around troubled automaker
Italian Luca de Meo could be swapping gearsticks for Gucci glasses END OF THE ROAD Boss of major car brand suddenly quits 'for very different industry' after turning around troubled automaker Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) THE CEO of a major car brand has stepped down after five years in the hotseat - and is reportedly set for a dramatic career switch-up. Luca de Meo was appointed the chief exec of Renault Group back in January 2020. Sign up for Scottish Sun newsletter Sign up 2 Renault Group CEO Luca de Meo is reportedly switching to the luxury goods market Credit: AFP However, after after five years in the role, he is departing to "pursue new challenges outside the automotive sector", the carmaker said. Reports suggest that could could see him running the company behind luxury brands like Gucci and Yves Saint Laurent. De Meo is the man behind Renault's Renaulution business plan which aimed to restore profitability while turning the carmaker into a next-gen auto company. The plan paid off, with the French firm posting a record operating profit last year of 4.26bn euros. During de Meo's rein, the Italian oversaw the launch of a number of SUVs, the resurrection of the Renault 5 as an electric vehicle. The 58-year-old also helped turn the Alpine into an electric performance brand. De Meo is set to leave on July 15, with Renault Group hunting for a new CEO as part of what the auto giant described as their "already defined succession plan". Sources in both the UK and on the continent have linked the departing de Meo with a move into the luxury goods market. There is speculation he will be appointed the new chief exec of Kering, who also own Balenciaga and McQueen. In a statement, de Meo said: "There comes a time in one's life when one knows the job is done. World's biggest crash test with real people filmed on Scots military base "At Renault Group, we have faced immense challenges in less than five years! We have achieved what many thought impossible. "Today, the results speak for themselves: they are the best in our history. "We have a strong team and an agile organization. We also have a strategic plan ready for the next generation of products. "That is why I have decided it is time for me to hand over the baton. I am leaving a transformed company, poised for the future, to apply my experience to other sectors and embark on new adventures.' De Meo's decision to step down has come as a shock to the automotive industry. While Renault's success has made him a man in demand, he has previously denied wanting to leave the French automaker. He was formerly linked to Stellantis, the company behind car brands like Vauxhall, Citreon and Chrysler, but instead insisted he still had a job to do at Renault. In an official statement, Renault board chairman Jean-Dominique Senard said: "For five years, Luca de Meo has worked to restore Renault Group to its rightful place. 2 Renault is now searching for its next CEO as part of its succession plan Credit: Shutterstock Editorial "Under his leadership, our company has returned to a healthy foundation, boasts an impressive range of products and has resumed growth. "Today, the entire company joins me in thanking him for all these years and all the collective challenges successfully met."
Auto Car
a day ago
- Automotive
- Auto Car
BREAKING: Renault Group boss Luca de Meo steps down
Close Luca de Meo has stepped down from his role as the CEO of Renault Group after five years in the role. The Italian joined the French company from Seat-Cupra five years ago, and his Renaulution business plan, involving the revival of the Renault 5 as an EV, an influx of new SUVs and the transformation of Alpine into an electric performance brand, has been view as pivotal in reviving the firm's fortunes. Breaking news. Full story to follow
Yahoo
30-04-2025
- Automotive
- Yahoo
Highlights of Renault Group's 2025 Annual General Meeting
PRESS RELEASEApril 30 2025 HIGHLIGHTS OF RENAULT GROUP'S 2025 ANNUAL GENERAL MEETING Renault Group's Annual Shareholders' Meeting took place today, April 30, in Boulogne-Billancourt. The 24 resolutions submitted to the vote of the shareholders were adopted. This annual meeting was also an opportunity for Jean-Dominique Senard, Chairman of the Board of Directors, and Luca de Meo, Chief Executive Officer of Renault Group, to thank the shareholders for their loyalty and to look back on the four years of Renaulution. More than a plan, Renaulution is a key lever for combining economic performance and value-sharing for its employees and shareholders, but also for the entire automotive ecosystem. A dividend of €2.20 per share was proposed at the Annual Shareholders' Meeting, up 19% compared to the previous year. Renault Group has confirmed that it is renewing its employee share plan for the 4th consecutive year. Boulogne-Billancourt, April 30, 2025 – Renault Group held its Annual General Meeting today. All the resolutions submitted to the vote of the shareholders were adopted. This meeting was an opportunity for Jean-Dominique Senard, Chairman of the Board of Directors, and Luca de Meo, Chief Executive Officer of Renault Group, to review the four years of Renaulution in front of the shareholders and to reaffirm the Group's commitments to those who contribute to the success of the company and the sustainability of the automotive industry. 'Whatever the international evolutions and the reality of the European awakening, the challenge for Renault Group is to transform itself in depth, with a long-term vision. The transformation will be sustainable because it places employees and stakeholders at its heart, around the levers of value sharing, empowerment and training. Empowerment and value sharing: these are two priorities on which we will continue, with the renewed Board of Directors, to be both committed and vigilant', Jean Dominique Senard, Chairman of the Board of Directors of Renault Group. 'The transformation of Renault Group is a source of huge pride. In an exceptionally difficult period, we have put the Group at the best level it has ever achieved. This is reflected in our renewed range – the best in three decades – and our excellent results. We fight every day to make Renault Group not a big company but the best. Innovation, the ability to adapt at all times, that's where our strength lies. Growing this spirit must be the daily obsession while putting in place the necessary actions and levers to guarantee competitiveness ', Luca de Meo, CEO Renault Group. Approval of all resolutions 12,212 shareholders, representing 213,891,381 shares and 307,753,860 voting rights, participated in the General Meeting, by voting remotely, by giving proxy to the Chairman or a third party, or by attending the meeting. The quorum was therefore set at 74.04%. At this Shareholders' Meeting, all the resolutions submitted to the vote of the shareholders were adopted. The detailed results of the Shareholders' Meeting's votes will be available on the Renault Group website ( The payment of a dividend of €2.20 per share was approved at the Annual General Meeting, marking an increase of 19% compared to the previous year. The payout ratio is 21.5%. A proactive and responsible policy focused on employees Rewarding employee investment Thanks to the exceptional collective commitment of the teams and a constant 'reinvention' of the spirit of innovation, the company has achieved historic results in the last two years. Its Renaulution strategic plan was key. Thus, more than 2.3 billion euros have been distributed to the employees since the beginning of the plan1. This remuneration includes measures such as bonuses, based on the company's performance, the employee shareplan and the employment contribution supplements. Offering employees the opportunity to become shareholders Renault Group has launched an employee share ownership plan, unique in the industry, to involve all its employees in the company's future performance. Since 2022, the Renaulution Shareplan, deployed in nearly 30 countries, has enabled more than 90% of the Group's employees to become shareholders. In just three years, the share of capital held by employees has risen from 3.6% to 5.63%. After the success of the previous operations, Renault Group is renewing its employee share ownership plan for the fourth consecutive year. Taking care of its employees A "carmaker" who would also be a "care maker": Renault Group places the well-being of its employees at the heart of its priorities, all over the world. In 2024, the company launched OneHealth, a comprehensive health and wellness program aimed at ensuring equitable access to quality care. The rollout is currently underway in all the countries where the Group operates, with the aim of achieving 100% coverage by June 2025. This system offers a comprehensive care pathway, with free check-ups, organised and fully covered by the company, a network of occupational health professionals close to the workplace, teleconsultations and advice, psychological assistance 24/7, etc. Free of charge for the Group's employees, some services are also available to members of their households. Training to anticipate transformations Worldwide, 25 million total industrial jobs are impacted by the digital and environmental transitions, not to mention the entire value chain (mining, circular economy). To support the challenges of mobility, the Group created the "ReKnow University" in April 2021. By relying on key players in training (industrial, academic, institutional), this corporate university designs and offers training courses around electrification, the circular economy, software development and cybersecurity, data and AI, as well as operational excellence. The university continues to expand with international development projects and has already trained nearly 40,000 people since 2021. A strong commitment to the territories and the French economy Thanks to the Renaulution plan, all of the Group's French plants have been equipped with new projects, with the launch of 9 new models since 2021. This dynamic makes Renault Group a key player in the regions: the indirect employment associated with Renault Group's activities is estimated at around 30,000 jobs within the French supplier network. Since 2020, Renault Group has invested more than €14 billion in France (investments in tangible assets and research and development costs), in all the regions where the company operates, to transform and modernize its sites. RENAULT GROUP MEDIA RELATIONS Rie Yamane +33 6 03 16 35 20 Florentina Deca +33 6 32 13 69 About Renault Group Renault Group is at the forefront of a mobility that is reinventing itself. The Group relies on the complementarity of its 4 brands - Renault - Dacia - Alpine and Mobilize - and offers sustainable and innovative mobility solutions to its in 114 countries, Renault Group sold 2.265 million vehicles in 2024. It employs more than 98,000 people who embody its Purpose every day, so that mobility brings people to pursue challenges both on the road and in competition, the Group is committed to an ambitious and value generating transformation focused on the development of new technologies and services, and a new range of even more competitive, balanced, and electrified vehicles. In line with environmental challenges, the Group's ambition is to achieve carbon neutrality in Europe by 2040. 1 Additional to the salaries Attachment 20250430_RG_Press Release_AGMSign in to access your portfolio
Yahoo
26-03-2025
- Automotive
- Yahoo
Renault's EV unit Ampere appoints new CEO to lead EV expansion
Ampere, Renault's electric vehicle (EV) unit, has named Josep Maria Recasens as its new CEO, effective from 1 April 2025. The appointment of Recasens comes as the company intends to bolster EV sales and affordability amidst growing competition from Chinese manufacturers. Currently serving as Renault's chief operations officer (COO), Recasens will replace Luca de Meo, who has been serving in the CEO role since Ampere's inception on 1 November 2023. Recasens' career began at SEAT in 2002, where he held various roles in R&D, product planning, and international project management, eventually becoming director of strategy, secretary general, and director of public affairs. In June 2021, Recasens joined Renault as senior vice president of strategy and business development, playing a key role in the Renaulution strategy and the company's partnership strategy. Early in 2023, he was appointed as chief strategy officer and leader of the Iberian Peninsula countries, before becoming Ampere's chief operations officer upon its establishment. Renault Group CEO Luca de Meo said: 'I am very pleased to hand over to Josep Maria as CEO, following on from his role as chief operations officer (COO) of Ampere, to continue the deep and rapid transformation we have been driving with Ampere since its creation. 'We have been working together since 2022 on this project, which has now become a reality, convinced that the Group, with Ampere, would make a real difference in the electric and software revolution.' Furthermore, Ampere named Marie Ollier as its vice-president of human resources and a member of the leadership team, reporting to Recasens. Ollier's background includes a tenure at Accenture, Groupe Casino, and Faurecia (Forvia), where she held HR roles, culminating in her 2024 move to Renault as HR director for the finance function and global business services. Ampere also named Sandra Gomez in charge of Product Planning and Cross car line EV & Software. Gomez, who will also oversee Ampere Strategy and join the leadership team, has experience in management control, product planning, and project management at Renault and Nissan North America. She has been instrumental in the Renaulution strategy and partnership strategy since November 2019. Furthermore, Vittorio d'Arienzo, who has been with Renault since 2023 as VP Ampere and platform global leader for small/compact EV vehicles, is expanding his role. d'Arienzo will now serve as the product global leader for all Ampere vehicles. His experience includes positions at Fiat Group, Hyundai Kia Group, and Great Wall Motors Europe. Ampere is engaged in designing, developing, manufacturing, and marketing fully electric vehicles equipped with advanced software technology. Recasens said: 'For the past 18 months, we have been driving a fast-paced transformation with the Ampere teams, aiming to catch up with the best in the industry in record time. 'I warmly welcome Sandra and Marie to the Leadership Team—their roles will be crucial given the many projects ahead. With the launch of Twingo and the first SDV in 2026, the next C-segment EV lineup in 2028, and our efforts to reduce costs by 40%, we have a roadmap that matches our ambition: to become the benchmark for our industry in Europe.' "Renault's EV unit Ampere appoints new CEO to lead EV expansion" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
The Independent
17-03-2025
- Automotive
- The Independent
The new Renault 5 Turbo 3E is an all-electric ‘mini supercar' with a proper supercar price
Renault's latest move in its reinvention – or 'Renaulution' as the company likes to call it – is another retro-futuristic model in the shape of an all-new Renault 5 Turbo. Car fans will remember the two Renault 5 Turbos of the 1980s: wild, mid-engined rally specials that used turbocharging to give a small car incredible performance and wild body enhancements to give it sportscar poise. That same theme continues with the new Renault 5 Turbo 3E, except that this car – as with the new Renault 5 – is all electric. That means traditional turbocharging can't apply here, so why call it turbo? 'Turbo is more of a spirit with this car,' Renault's design boss Gilles Vidal told us. Other than the lack of an actual turbocharger, the Renault 5 Turbo 3E gets a similarly bolstered body kit as its 80s predecessors and a similar boost in power. In fact, the only bits carried over from today's standard 5 are the windscreen, door mirrors and handles, rear lights and some of the interior bits. The body, with its huge spoilers and big wheel arches (the car is 300mm wider than a standard 5), is made from carbon fibre to keep weight down, which is an impressive (for an electric car) 1,450kg. The car has been developed by the Renault Group's performance brand Alpine – which took over Renaultsport to produce the company's sporting models and run its Formula One team. Underneath is an all-new platform made from aluminium and featuring advanced 800V technology. That gives numerous advantages, including fast charging for the 70kWh battery. It'll charge at speeds up to 350kW, giving a 15 to 80 per cent charge in just 15 minutes. Renault is claiming a maximum range of just under 250 miles, but not if you use it on track – as the Turbo 3E is meant to –or take advantage of the huge 533bhp and enormous claim of 4,800NM of torque. That power is fed through two electric motors, one mounted in each of the rear wheels, making the 3E rear-wheel drive like its predecessors. It's these special motors that Renault's engineers say give it the technological boost that turbocharging did for the original cars back in the 80s. In performance terms, the 5 Turbo 3E will get from zero to 62mph in under 3.5 seconds and onto a top speed of 168mph. Renault will let customers personalise their cars in any way they want, guided by the design team, with several options based on famous versions of the 5 Turbos of the 80s for inspiration. It's the same story with the interior personalisation, although the structure and some of the parts will be familiar to owners of the new Renault 5. Just like the original Turbo, the same instrument binnacle is taken from the standard car, but with upgraded graphics. The digital driver display is 10.1in, while the portrait-orientated infotainment screen is 10.25in and is Google-powered with Google apps on board. This is very much a car that can be used on road as well as on track. The Alcantara-wrapped steering wheel comes from the Alpine A290 – Alpine's hot version of the Renault 5 – with a boost button for overtaking, plus buttons to select four levels of brake regeneration and one of four driving modes. Behind big carbon-fibre bucket seats with six-point harnesses there are no rear seats, just a large racing rollover hoop, while the clever motors in the rear wheels means there's a decent amount of boot space. One of the highlights of the interior is a rally-car inspired vertical handbrake that – with the car in race mode – can be tugged to enable the car to drift, like its racing predecessors. In keeping with the car's heritage, the run of 5 Turbo 3Es will be limited to 1,980 models with sales starting in the coming months and deliveries not until 2027. Renault is being bold with pricing, too. Whispers are that the car could cost somewhere between £120,000 and £140,000, but the price could rise to as much as £200,000 with full personalisation. For that sort of money, you could buy a very nice example of the original 5 Turbo and 5 Turbo 2, plus a current Renault 5 and an Alpine A290. This mini supercar has a full-size supercar price.
